Dire News from My Colleagues
By John Stossel
Real Clear Politics
"It's been described as the most serious financial crisis since the Great Depression. And it brings with it grave dangers for all American families ... ," said Martin Bashir on "Nightline." "Recession looms .... "
On the "Today" show June 20, David Faber referred to "the recession ... these tough economic times." Yet that very day first-quarter GDP was revised upward again to 1 percent.
America is not in recession, and who knows -- maybe we'll be less likely to have one if my compatriots would just chill. A recession is defined as two quarters of negative economic growth. We haven't even had one quarter of negative growth.
Real Clear Politics
"It's been described as the most serious financial crisis since the Great Depression. And it brings with it grave dangers for all American families ... ," said Martin Bashir on "Nightline." "Recession looms .... "
On the "Today" show June 20, David Faber referred to "the recession ... these tough economic times." Yet that very day first-quarter GDP was revised upward again to 1 percent.
America is not in recession, and who knows -- maybe we'll be less likely to have one if my compatriots would just chill. A recession is defined as two quarters of negative economic growth. We haven't even had one quarter of negative growth.
posted by Andy W. Rogers | 6:06 PM
0 Comments:
Post a Comment
<< Home